Dan Gambardello predicted that ADA prices might soon skyrocket to $0.55.
Crypto markets might witness increased volatility after the Fed’s rate cut.
Gambardello also warned investors to anticipate a “fall down for crypto.”
ADA, the native token of Cardano, a competitor to Ethereum, is expected to make a comeback in the crypto world and reclaim its spot among the top 10 cryptocurrencies by market capitalization. Crypto analyst and Cardano bull, Dan Gambardello, has said the altcoin will soon reach a price of $0.55 as a bullish scenario unfolds.
In a post on X (formerly Twitter), Gambardello predicted that with the Federal Reserve introducing rate cuts on Wednesday, the markets are likely to be “choppy,” meaning that the volatility of digital assets like ADA might increase in the short term.
Gambardello advised that it would be wise to anticipate and visualize a fall in crypto prices while cautioning investors about investing in ADA and other cryptocurrencies during this period of potential volatility. The analyst added that if ADA drops and creates a downtrend, the situation would turn out to be “a fake breakout,” leading to a massive price surg…
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